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New Delhi [India], February 3 (ANI/NewsVoir): India's real estate fraternity has reacted positively to the Union Budget 2023 presented by the Finance Minister on February 1st, 2023. The Union Budget for this year was primarily aimed at boosting the Indian economy and revitalising it. The real estate industry is optimistic about the incentives and schemes that were announced in the budget for their sector and is looking to leverage them for increased growth and development. Pradeep Aggarwal, Founder & Chairman, Signature Global (India), Ltd., said, "The Finance Minister announced that infrastructure and investment will be the government's third priority, and capital expenditures will be increased by 33% to accelerate the country's development. This increased spending is expected to help create more jobs, spur economic growth, and create a more prosperous nation. Also, in order to convert cities from manholes to machine holes, an urban infrastructure development fund ....
New Delhi [India], January 30 (ANI/NewsVoir): The Union Budget 2023 is a much-anticipated event for the real estate sector in India. Industry experts and stakeholders have high expectations from the government as they hope to see a number of reforms and initiatives that can help boost the real estate market and encourage investment in the sector. The area of interest for the real estate sector is tax incentives. Real estate developers and investors are hoping for tax breaks and other financial incentives that can help lower the cost of developing new projects and make it more profitable for them. This can also encourage more investment in the sector and help boost the economy as a whole. Pankaj Bansal, M3M India said, "The middle class has been looking to increase its disposable income to increase its investment in real estate, particularly the residential sector. This investment can grow multi-fold if the Union Budget brings in considerable relaxation in tax benefits on home loan ....
New Delhi [India], October 20 (ANI/NewsVoir): India's real estate sector is witnessing momentous growth after a two-year slump. An industry report revealed that with economic activity in full swing, housing sales jumped two-fold across seven major cities in Q3 of 2022. The sector is likely to witness healthy growth in the fourth quarter as the festive season has already infused the positivity in the market further strengthening the sentiments. Let's look at what real estate developers are saying about the festive season and what they anticipate for the final quarter of 2022. "The festive quarter seems to be extremely good for the real estate developers. Irrespective of the change in repo rate by RBI, the sentiments of customers and investors in the residential sector are only becoming more aggressive. Certainly, there is a spike in the customers' demand for the luxury residential segment. Our recently launched 'M3M Capital' residential project in Sector 113, Gu ....
Gurugram (Haryana) [India], August 31 (ANI/NewsVoir): Soaring to new historic highs, the Indian luxury-housing segment has witnessed stellar growth in the last two financial quarters. The rising demand has led to exponential sales exceeding 14 per cent, as opposed to the 7 per cent before the pandemic. According to the latest Anarock Research data, the top seven metropolitan cities in India have already recorded sales of over 1.84 lakh units. This constituted a massive 14 per cent or 25,700 units being sold in the luxury resident segment alone. This has contributed towards an astounding growth from the 2.61 lakh units sold in the whole of 2019, wherein just 7 per cent, or about 17,740 units, were in the luxury category. Resonating with the trend, a DLF spokesperson, said, "Since the beginning of 2021, there has been sustained sales growth across major Indian metropolises, but NCR saw a sizeable jump in demand for luxury homes. Today, luxury homes are no more about brick and mortar ....
Delhi NCR [India], July 29 (ANI/NewsVoir): The pandemic-infused trends have shifted the focus of homebuyers on comfort, wellness, and luxury. There has been a considerable change in the lifestyle patterns of buyers. They are not willing to compromise on any aspects of opulent living and are increasingly stepping ahead to invest in residential spaces in gated townships. Demand for gated communities/townships is on the rise as imminent buyers look for common facilities for a healthy lifestyle, with a healthy ecosystem. Additionally, the desire for large open spaces, greenery, security, modern amenities, and high returns on investments have turned the tide in favour of gated townships which are experiencing an elevated demand across various locations. The trend is gaining traction in Delhi-NCR which already has attained the reputation of the country's leading realty hotbed. The demand for safe and secured gated communities here is on a meteoric rise and excellent connectivity, vibrant ....